georgephillip
Diamond Member
- Thread starter
- #81
In another recent thread there was an argument made that inequality has been vastly exaggerated over the last few years.I see no one will address the facts i posted about the decades long flat wages of the working class and the definite redistribution of wealth upwards. This isn't the first time this has happened. I have posted facts with links addressing this and not once has anyone offered a factual rebuttal or even an attempt at a rebuttal. All I see are lame responses laced with talking points, or no response at all. I guess the lack of intelligent responses says it all. People have nothing to back up their devotion to the upwards redistribution but what has been fed to them over the years, which they willfully sucked in.
"...Christian Broda and John Romalis find that 'the relative prices of low-quality products that are consumed disproportionately by low-income consumers have been falling over this period.
"'This fact implies that measured against the prices of products that poorer consumers actually buy, their "real" incomes have been rising steadily...'"
There's no doubt in my mind about stagnant wages since I've been working since the mid 60s and remember when a single minimum wage job paid the rent on a brand new one-bedroom apartment with enough left over to maintain a six year-old car.
I haven't been able to afford a car or one bedroom apartment of any age since 1995 and it's only getting worse.
In 2008 I thought that if our economy crashes again there would be universal condemnation of those responsible; however, when (not if) the US economy crashes again, I'm pretty sure the immigrants and school teachers will get the blame.
Willful ignorance and blind obedience to "legitimate" authority seem to be taking hold of a greater percentage of the US electorate with each passing news cycle.
About the only thing lacking is a highly charismatic politician on the right like Reagan, for example, and the last functional threads of US democracy vanish from the page of time.